GameStop (GME) shares traded at 16% higher Wednesday after the company announced it would start buying Bitcoin (BTC) to add its balance.

The game dealer reported that they had $ 4.8 billion in cash during its earnings in the fourth quarter Tuesday. The company’s CEO Ryan Cohen had teased an interest in buying Bitcoin for the GME balance weeks ago. He and Matt Cole, CEO of Strive Asset Management – became an owner of GME via its ETFs who urged the same.

Although Gamestop on Tuesday reported that part of its cash will go in Bitcoin and the US dollar dominated stablecoins in the future did not reveal how much or time for anyone buyer.

The plan started a speculative madness on social media: How much Bitcoin would gamestop acquire?

The company’s award is likely to be significant, according to Anthony Pompliano, founder and CEO of Professional Capital Management, who said GameStop would not undergo the very bureaucratic board approval process if it only planned to award 1-2% of its cash to Bitcoin.

“President Ryan Cohen is likely to take a big effort on Bitcoin as a balance -active,” Pompliano wrote in a note. “You only put the time and energy to get the change to your investment policy if you want to put in a significant amount of your cash in Bitcoin.”

Pomp also pointed out that Cohen is currently following three Bitcoin-related accounts on X, which he sees as “the behavior of a hardcore bitcoiner.”

According to a poll sent by Michael Saylor – whose strategy (MSTR) has spent $ 33 billion on acquiring more than 500,000 BTC – on X, his supporters believe Gamestop should have at least $ 3 billion worth Bitcoin to “be respected by Bitcoiners.”

Less clear is whether GameStop plans to be as aggressive inn that buys Bitcoin as a strategy. The company has implemented many creative fundraise mechanisms to burn its war box, including debt sales. But the strategy’s BTC saga started as a more humble cash reserve of $ 250 million generated by cost savings in the Covid era.

Gamestop’s share boost may prove to be resistant to Bitcoin Price swings because the company has only said it would buy BTC but do not yet own anyone, Mused Josh Mandell, a previous bond dealer. He shouted the confusing situation on social media.

“I don’t want to ask anyone to make it make sense,” he said.